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GAYATRI PROJECTS LTD. - Updates
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25 Nov 2015
Gayatri Projects Ltd has informed BSE that the Company has issued 520 11.50% Secured Redeemable Non-Convertible Debentures (NCDs) of Rs. 10,00,000/- each on private placement in the form of Separately Transferable Redeemable Principal Parts (STRPPs) for cash at par aggregating Rs. 5200 Lakhs in the year 2010-11.&lt;BR&gt;&lt;BR&gt;The debentures are redeemable in the 3rd, 4th and 5th years in the ratio of 30:30:40. The company has redeemed 1st tranche of Rs. 1560.00 lakhs in December 2013 and 2nd tranche of Rs. 1560 lakhs has been redeemed on August 14, 2015. And 3rd tranche (Series-III) Interest and principal amount is due on December 01, 2015.&lt;BR&gt;&lt;BR&gt;The Company submit that, amid a cash crunch, company proposes to approach the trustee for postponement of the redemption with some delay.
View all announcements for GAYATRI PROJECTS LTD. Source: BSE India